First English Real Estate Search Engine Launches in China

Jipingmi.com, the leading real estate search engine in China, officially launched an English version of the search yesterday. English.Jipingmi.com collects real estate property listings from a variety of English property listing sources and organizes
the results into one, easy to use, search platform.

Since the launch of Jipingmi.com (Mandarin for "How many square
meters?" or "A few square meters") in late 2007, Jipingmi.com has rapidly
emerged to be amongst the top players in the Chinese real estate search
engine market. Jipingmi.com now aims to open the platform to international
users.

Jipingmi Co-founder and VP Strategic Development, Alex Farfurnik said
English.Jipingmi.com will organize the foreign real estate market in China.

China Binjiang Real Estate eyes RMB 1.5 bln A-shares IPO

China's Hangzhou Binjiang Real Estate Group Co Ltd<002244>, the professional real estate developer in the country, starts up its IPO plan with the aim to raise as much as RMB 1.5 billion, market sources reported. The company plans to raise as much as 60 million shares, accounting for 11.54% of its total capital stock.

Taiwan Real Estate Heats Up

Markets in Taiwan, one of Asia's worst laggards as an investment destination in recent years, were livened up by the Nationalist Party's victory in the March 22 presidential election. On May 20, winner Ma Ying-jeou will be inaugurated, succeeding Chen Shui-bian of the Democratic Progressive Party.

During Mr. Chen's eight-year tenure, Taiwan's benchmark stock index barely budged, even as Hong Kong's shot up 75% and Shanghai's doubled. Right after Mr. Ma's victory, Taiwan's index shot up nearly 10% above where it was shortly before the vote, but after some cooling it is now 4.6% higher than on election day.